Crypto Price Today: Bitcoin Drops to $107,806, Ethereum at $3,735

The crypto market starts the week in red as global investors turn cautious

Crypto Price Update - The global cryptocurrency market started the week on a softer note. Most major digital currencies, including Bitcoin, Ethereum, Solana, and others, saw a drop in value. This fall happened mainly because of cautious global market sentiment after the U.S. Federal Reserve hinted it may not cut interest rates again anytime soon.

Overall Market Mood

Bitcoin was trading at around $107,806, down by about 2.1% in the past 24 hours. Ethereum stood near $3,735, falling 3.8%. Solana dropped to $177.96, losing around 4.4%, while XRP was seen trading at $2.43, a 3.2% decline. BNB was at $1,039, down by 4.7%. Cardano or ADA was priced at $0.573, dropping 6.2%. Shiba Inu was at $0.00000968, slipping 4.3%, and Dogecoin was at $0.1746, down by 6.4%.

The fall in prices is mainly because investors are being careful. The Federal Reserve recently suggested that more rate cuts may not come soon, and this has reduced risk-taking in global markets, including cryptocurrencies.

Bitcoin: Stuck in a Narrow Range

Bitcoin traded between $111,184 and $107,525 during the day. It managed to stay above the strong support level of $105,000 but could not break past the resistance zone between $112,000 and $115,000. The price is moving in a tight range, showing that buyers and sellers are undecided.

Even though Bitcoin is facing resistance, many market experts still believe November could be a strong month. Historically, Bitcoin has often performed well during this time of the year. If buying momentum returns, Bitcoin could move toward the $120,000 level, but this depends on global financial conditions and investor confidence.

Ethereum: Struggling to Stay Above Key Level

Ethereum traded near $3,735, with the lowest point of the day being around $3,721. The price is trying to stay above the support zone of $3,700–$3,800. If this level holds, Ethereum may try to rise again. But if it falls below this range, it could slide further.

Many traders are watching Ethereum closely because it has been performing more weakly compared to Bitcoin recently. Some analysts believe Ethereum could recover and move towards the $4,000 level if the market improves and activity on its blockchain increases.

Solana: Facing Pressure at Support

Solana was priced at $177.96 and could not stay above the important resistance level of $210 reached recently. The current support level lies near $180. If Solana falls below this, it may lose more value. If it manages to climb back above $180 quickly, its overall upward trend may remain intact.

There is also concern in the market due to upcoming token unlocks, where more Solana tokens will enter circulation. This can sometimes increase selling pressure, affecting prices.

XRP: Stuck Below Resistance

XRP traded near $2.43 and once again failed to break past the resistance level of $2.55. This price level has acted as a barrier several times, making it difficult for XRP to move upward.

Until XRP breaks past this level strongly, the price is expected to move sideways or slightly lower. Traders are waiting for strong demand or news that could push XRP beyond this resistance zone.

BNB: Trying to Hold Above $1,000

BNB was trading near $1,039, falling below the short-term support range of $1,060–$1,080. The token is now trying to stay above the psychological level of $1,000. If it succeeds, it may start climbing toward $1,200 in the coming sessions.

Market discussions around Binance, regulation, and exchange-related news also continue to influence BNB's movement. Any major development in this area could impact its price further.

Cardano: Following Bitcoin’s Trend

Cardano or ADA was seen at $0.573, showing a fresh drop. There was no major news specific to Cardano, so its price seems to be moving in line with Bitcoin and overall market sentiment.

The support zone to watch is between $0.56 and $0.58. If ADA stays within this range, it may bounce back. But if it falls below this, it might decline further.

Shiba Inu: Meme Coins Lose Steam

Shiba Inu was trading at $0.00000968 after failing to maintain last week’s small recovery. Meme coins like SHIB usually depend heavily on overall market mood and social media hype.

When investors become cautious, meme coins are often the first to be affected. Trading volumes in this segment are also lower, which makes prices more unstable.

Dogecoin: Key Level Under Test

Dogecoin stood at $0.1746, and the important support level to watch is around $0.17. If Dogecoin falls below this level, the next major support lies near $0.14 to $0.15. On the other hand, if it moves back above $0.19 to $0.20, the price could recover towards $0.22 or even $0.24.

Some reports suggest long-term holders have started selling a small part of their holdings, adding pressure to the price.

What is Influencing the Market?

Two major factors are influencing the crypto market right now. The first is the Federal Reserve's recent decision and statements. The Fed cut interest rates in October, but later hinted that more cuts may not happen soon. This has made investors more careful.

The second factor is token unlocks in some cryptocurrencies like Solana and Dogecoin. Token unlocks bring more coins into the market, which can sometimes lead to selling pressure and price drops.

There are also ongoing developments in the Binance ecosystem that continue to affect BNB and overall market trust in exchanges.

Outlook for the Coming Days

For now, traders are being patient. Bitcoin is moving within a range, and other cryptocurrencies are following its direction. Important levels to watch include Bitcoin between $105,000 and $112,000, Ethereum between $3,700 and $3,900, and Solana between $180 and $210.

If prices break beyond these levels with strong buying, the market could enter a fresh upward phase. If not, sideways or slightly bearish movement may continue.

Many crypto market experts still believe November could bring gains, especially if economic data improves and investor confidence returns. However, caution is advised due to possible sudden changes triggered by global news or large market movements.